The Vice President, Prof. Yemi Osinbajo has stressed the need for continuous improvement in electricity supply as part of measures to enable economic activities across the country.
Speaking while commissioning a 2x60MVA, 132/33KV Awka substation in Anambra State, built by the Niger Delta Power Holding Company Limited (NDPHC), Osinbajo said the Federal Government remains committed to creating an enabling environment for businesses to grow in the country.
He noted that improving infrastructure was necessary for the growth of small businesses, adding that the substation would deliver about 100 Megawatts of power to Anambra state capital and its environs.
“The economy of Nigeria largely depends on effort that is made at the sub-national level, that is, the state level. It is the aggregation of the work that is done in the states that leads to the great economy that we hope for and are working for in this nation of ours.
“Anambra State revenue has increased from about N10.4 billion in 2014 to N26.37 billion by 2019 and this is another 152 percent increase in the state’s IGR.
“Enabling environment and ease of doing business measures that have been implemented in Anambra state has seen it become one of the fastest growing manufacturing hubs in the country.
“Nnewi which houses key local manufacturing companies including Innoson Vehicles Manufacturing, Tommy Tommy Industries, Chikason Group amongst others is evidence of the entrepreneurial ability of the Nigerian people and the drive that is possible but also importantly the enabling environment that states can create,” Osinbajo said.
